Nestle India Ltd slipped as much as 6.3 per cent in trade on
Thursday, after the Delhi government imposed a 15-day ban on Nestle's Maggi
noodles even as other state governments await test results.
Shares of Nestle India plunged 9 per cent on the Bombay
Stock Exchange on Wednesday, its biggest drop in a day in nine years. The stock
has plunged over 14 per cent in the month of June, and nearly 7 per cent so far
in the calendar year 2015.
Nestle India hit a low of Rs 5800.10 and a high of Rs 5960
in trade today on BSE.
The Indian Army, meanwhile, advised its soldiers to avoid
the stuff if they could. In a separate report, Nestle India has courted fresh
trouble after a preliminary test by a Tamil Nadu agency of a sample of their
milk powder allegedly found live larvae in it.
The Drug Administration Department (food safety wing) tested
the NAN PRO3 milk powder, bought by a cab driver and the initial report by one
of its food analysts found live larvae in the sample, PTI reported.
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